Undisclosed foreign income/assets: Taxpayers will be liable to a penalty of three times the amount of tax that would have ...

New IRS educational materials from the 2024 Nationwide Tax Forum cover international tax topics such as proper FBAR and FATCA reporting of foreign income and assets.

A common strategy many wealth management firms recommend is ensuring that as much as 30% of your portfolio includes foreign ...

All foreign assets must be declared in income tax returns. Increased scrutiny on unreported foreign assets underscores the importance of accurate disclosure to avoid penalties.

Ambassador Alexei Meshkov, who represents Russia's interests in France, confirmed in an interview with RIA Novosti that his ...

CAIRO: Egypt's net foreign assets (NFAs) slid by $592.1 million in December, their third decline in three months, after a series of foreign liabilities put payments under pressure, central bank data ...